The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1887-01-27
MONEY-MAKING IN WASHINGTON.
Curious Ways Of "Rafsing the Wind ="
Adopted by Residents of the Capital.

"There are many curious ways OF
making money in Washington" said {
leading lawyer to me last night, writes
"Carp" to the Cleveland Leader.
"The curbstone brokers hero do T
better business than pawnbrokcrs o.
other cities, and they charge as high Il
10 per cent Il month for money. Their
IRE 1000 clerks in Washington. Ncar'
ali Of them live ahead of their sular
md not a few speculate. These ,nen ~
.lways borrowing money, and they pay
:, 3, 5, and 10 per cent. month for il.
"Thc business Of lending has grown to
such an extent that there are mcn VIZ
follow it as profession. The nationt
hanks are concerned in il indirectly =
there are numbers Of small banks whir
do nothing else. These small bank
Such agents are generally employed in
the depart ments. and banking firm
has one in each of the big buildings.
This man gives out that he has a
little money to lend on his own hook
The borrower goes with him to his
bank, and with two good endorsers gets
the money on his promissOry note at a
high rate Of interest, but the interest
is put in the note and not charged upon
its face. The bank then endorses this
note over to the national bank with
which it deals, and when the time
comes for payment the clerk pays it
or he finds the influences brought to
bear which will turn him out OF Office
il he refuses to pay.
"Many prominent men with an eyeto the
main chance have been engaged in this
business through third parties, and there
is a bank now near the Post-ollice
Department whose capital comes from
n leading Ohio statesman who had
charge of one OF the leading bureaus last
year
e" How about speculation in Washing
TOM"
This is the greatest place in the
world to speculate. Everyone does it,
and women and men. poor and rich,
clerks anl Congressman, all watch the
ticker and bet on the rise and fall of
stocks. There are dozens OF bucket
shops in Washington located near the
;rrat departments, and there is one
within IL stones throw Of t#c CAPITOL
where you may find Congrc<s,urn cailv.
"Of course, such sperulaiioa brings
ruin to many clerks" thi, gentleman
continued. land it brings about petty
declarations to the Government. II is
on par with hundreds of poker ..ames
which are played night after nis 1T here
and speaking of this reminds M tAat l
know the inside history Ola littl'lloublc
in connection with the Cungr'~ ,joual
Library which has never been pIi l. he'd.
Several years ago the y,u" man
connected with the Librar, vito went
monthly to the Treasury with a. ur Ter
from the Librarian and brougli; III: few
thousand dollars needed in Il bag, re-
ported that he had lost tho money. l
think it amounted to S3,O00. He had
stepped, he said, into restaurant. and
had the bag down for moment. When
he started TO go he found it had disap-
pearcd.
He reported his los, and the state
mcnt WAS given out that the authorities
had perfect confidence in his honesty,
and some of them repaid the money
for him. He was retained for short
time in the Office and then disappeared.
81 met In Boston the other day an
old lady who is a great friend OF a
wealthy Congressman or eN-t'ongrcss-
nan OF that place, who Is known to